earnings
confidence high
sentiment negative
materiality 0.70
GMS Q1 FY2026 net sales down 2.4% to $1.41B; adj. EBITDA margin 9.6%
GMS Inc.
2026-Q1 EPS reported
$1.13
revenue$1,414,332,000
- Net sales $1.414B (-2.4% YoY); diluted EPS $1.13 vs $1.42; adjusted diluted EPS $1.76 vs $1.93.
- Adjusted EBITDA $135.5M (-7.1% YoY); margin 9.6% vs 10.1%.
- Wallboard -5.4%, steel framing -6.3%, ceilings +6.6%, complementary products -0.7%.
- Free cash flow -$39.4M; cash used in operations -$30.9M.
- Transaction costs include $6.2M for pending merger with The Home Depot; net debt/adj. EBITDA 2.6x.
item 2.02item 9.01